1031 Exchange Smithfield, Rhode Island

 

Surrounding submarket Area

Smithfield, Rhode Island is a part of the Providence Submarket submarket area, and contains zip code 2917.

Smithfield Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Smithfield, RI submarket area was $1,667, which is 11.06% higher than 2014 average rent. This represents a compounded annual growth rate of 2.12%. 2019 vacancy in Smithfield, RI was 4.20%.

The total population of the city of Smithfield, RI has grown 1.35% since 2010. As of 2018, the population was 21,719. The median household income of the Smithfield was $82,347, which is 36.58% higher than the national average.

  • submarket area Providence Submarket
  • avg rent $1,667
  • rent growth 11.06%
  • vacancy 4.20%
  • median income $82,347
  • population (2018) 21,719
  • population growth 1.35%
  • vs. nat'l avg 36.58%
  • zip code 2917

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